ProShares UltraShort Silver (NYSEARCA:ZSL) Short Interest Update

ProShares UltraShort Silver (NYSEARCA:ZSL) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,436,680 shares, an increase of 50.3% from the January 15th total of 8,938,312 shares. Based on an average daily volume of 489,485,484 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.7% of the company’s stock are short sold. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 489,485,484 shares, the days-to-cover ratio is presently 0.0 days.

ProShares UltraShort Silver Price Performance

Shares of ProShares UltraShort Silver stock traded down $0.16 during trading on Friday, hitting $2.51. 166,212,121 shares of the stock traded hands, compared to its average volume of 308,084,938. ProShares UltraShort Silver has a 52 week low of $1.44 and a 52 week high of $40.13. The firm’s fifty day moving average is $4.24 and its 200-day moving average is $12.31.

Shares of ProShares UltraShort Silver are going to reverse split on Thursday, February 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, February 25th.

Institutional Investors Weigh In On ProShares UltraShort Silver

Several institutional investors have recently modified their holdings of ZSL. Bank of America Corp DE lifted its position in shares of ProShares UltraShort Silver by 10,161.9% during the second quarter. Bank of America Corp DE now owns 4,310 shares of the exchange traded fund’s stock valued at $111,000 after buying an additional 4,268 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in shares of ProShares UltraShort Silver in the 4th quarter worth $53,000. LPL Financial LLC purchased a new position in ProShares UltraShort Silver during the 4th quarter worth $53,000. Foundations Investment Advisors LLC acquired a new position in ProShares UltraShort Silver during the 4th quarter valued at about $60,000. Finally, Mission Wealth Management LP purchased a new stake in ProShares UltraShort Silver in the fourth quarter valued at about $107,000.

About ProShares UltraShort Silver

ProShares UltraShort Silver (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of silver bullion as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.